BioMimetic Therapeutics ( BMTI)shares rose 82% to $7.57 after it announced Monday an agreement to combine its business with Wright Medical ( WMGI).

News Corp ( NWSA) is expected to announce this week that it will acquire a 49% in the YES Network from the New York Yankees and its partners, according to Reuters, which cited a person with knowledge of the talks.

The deal would would value the sports channel at $3 billion, Reuters said.

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